The overall reed sensor market is expected to grow from USD 1.49 billion in 2017 to USD 2.30 billion by 2023, at a CAGR of 7.40% from 2018 to 2023. Reed sensors offer several advantages, such as simple and reliable sensing and actuation capabilities; low cost and zero power requirement for operation; and safe to use in harsh industrial environments, which, in turn, help in the growth of the market.

A reed sensor is a hermetically sealed electromagnetic sensor operated by an applied magnetic field generated by either a permanent magnet or current-carrying coil. Reed sensors are used for sensing and detecting movement, proximity, metal detection, and liquid level and flow measurement. It consists of 2 or more metal reed contacts (blades) that are hermetically sealed inside a glass capsule containing inert gas to prevent the activation of contacts. The contacts can be normally open, which closes in the presence of magnetic field, and normally closed, which opens when a magnetic field is applied.

The reed sensor market has been segmented on the basis of contact position into Form A, Form B, Form C, and others. The market for Form A sensors is expected to grow at the highest CAGR from 2018 to 2023. Form A is the most common reed sensor. The high adoption of Form A reed sensors in automotive and consumer appliances contribute to the rapid growth of the market.

The reed sensor market in APAC is expected to grow at the highest CAGR during the forecast period. APAC is the fastest-growing market for reed sensors. The rise in disposable income in APAC countries has led to the increase in the demand for vehicles and consumer appliances, which, in turn, increased the growth of the reed sensor market in this region. The increasing penetration of reed sensors and the influx of global players, along with the emergence of native players, are contributing to the growth of the market. As a result, APAC holds a significant share of the overall market.
Automotive & Transportation

Automotive and transportation is one of those applications where reed sensors are extensively used for various purposes. The reed sensors are used in vehicles such as heavy-duty trucks, airplanes, trains, motorcycles, E-cars, and E-bikes. The reed sensors can be deployed for measurement of brake pressure, coolant level, windshield, tire pressure monitoring, liquid level detection, HVAC controls, and emissions, among others. Apart from the basic functions in a vehicle, it is used in seat belt detection, anti-theft alarm, and door latch sensors, among others.
Consumer Electronics & Appliances

Reed sensors are used for various applications such as consumer appliances, HVAC, and lighting. In appliances, reed sensors are used in various products such as dishwasher, oven, microwave, refrigerator, ice maker, and washer and dryer; for HVAC plumbing, it is used for applications such as air-conditioner compressor and condensers, gas smart meter, water flow sensor, and instant water heater.
Robotics & Automation&

In the robotics and automation application, reed sensors are used for various applications such as robotic arm movement (pick and place), visual indication (alarm), liquid flow and level monitoring, inventory management systems, and machinery ignition systems. Reed sensors are used as proximity sensors to control robotic motion, conveyor speed, location, and angle.
Healthcare

Sensors play an important role in the durability of medical devices and healthcare systems. Reed sensors are widely used in applications such as sensing end position, medical mobility equipment, hospital beds, lift chair position, power wheelchair, and mobility scooter. In such applications, reed sensors are required to provide enhanced reliability and high sensitivity to ensure patient or user safety.
Critical questions the report answers:

How are these developments beneficial to the industry for mid and long term?
What are the upcoming industry applications for reed sensors?

The size of reed sensors is a major factor restraining the growth of the market. With the advancement of technology, the size of most consumer electronics, such as smartphones, TV, and laptops, has reduced to a large extent. The relatively large size of reed sensors causes an obstruction in product miniaturization. This has led consumer electronics goods manufacturers to utilize miniscule sensors with capabilities to perform similar tasks. For instance, reed sensors and the anisotropic magnetoresistance (AMR) sensors with about the same sensitivity range, reed sensors are significantly larger than AMR sensors. This allows designers to develop smaller, more reliable, and higher quality appliances and devices with virtually no power required by the sensor components.

Key players in the market include Littelfuse (US), HSI Sensing (US), RMCIP (Russia), Standex-Meder Electronics (US), PIC GmbH (Germany), Coto Technology (US), Pickering Electronics (UK), Aleph America (US), STG Germany GmbH (Germany), and Zhejiang Xurui Electronic (China). These players are increasingly undertaking mergers and acquisitions, and product launches to develop and introduce new technologies and products in the market.

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